Burn baby, burn.
Recent 4% airdrop supply seems to have been well absorbed by the market.
Meanwhile,
@Avantisfi is still generating around $15M in annualized fees and
$AVNT is holding up fairly well in the circumstances.
Now add the fact that systematic buybacks are LIVE, with 30% protocol revenue directly going toward buying back and burning
$AVNT
At around $48M market cap, this looks like one of the more interesting R/R setups among Perp DEX and Base tokens right now.